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ACT calls for major cuts to Govt spending and tax system ovehaul in alternative budget

Author
Newstalk ZB,
Publish Date
Mon, 9 May 2022, 7:05am
ACT Leader David Seymour. (Photo / NZ Herald)
ACT Leader David Seymour. (Photo / NZ Herald)

ACT calls for major cuts to Govt spending and tax system ovehaul in alternative budget

Author
Newstalk ZB,
Publish Date
Mon, 9 May 2022, 7:05am

ACT is calling for major cuts to Government spending and an overhaul of the tax system.

The party is launching its alternative budget this morning.

It's proposing $5.3 billion dollars in Government spending cuts while increasing military spending to 2 percent of GDP.

ACT Leader David Seymour told Mike Hosking the party wants a two-rate tax system, with a bottom rate of 17.5 percent for low earners, and a high rate of 28 percent for those who earn more.

“Cut taxes across the board, so for example if you’re a nurse somewhere in the mid-range at $70,000, you’d get $2300 back.”

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